May 22, 2018

Mark Zuckerberg set to apologize to Europeans

Facebook CEO Mark Zuckerberg. Photo: Matt McClain/The Washington Post via Getty Images

Mark Zuckerberg is expected to dish out another mea culpa on Tuesday when he meets with members of the European Parliament on Tuesday about the Cambridge Analytica scandal, the New York Times reports.

Why it matters: Zuckerberg's testimony will come days before Europe rolls out the General Data Protection Regulation, which is intended to give users more control of how their personal data is used and streamline data processes across the EU. The measure gives European regulators the power to fine companies up to 4% of their global revenue for violations, which, per The Times, would equal $1.6 billion for Facebook.

Go deeper

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 2 hours ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.